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  #11326  
Old 01-09-2011, 10:41 PM
wardd wardd is online now
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it was the big banks that created wealth with money that didn't exist

a huge amount of us currency is squirled away by people in other countries and used in the local economy, leaving a dirth of currency here at home, a lot of money printing is to make up for that

gold and silver is a lousy basis for money supply in the modern world

the money supply has to be adjusted for economic conditions

no matter what you use for exchange there has to be a common agreement on it's worth and the worth of goods sold, be it paper or gold
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  #11327  
Old 01-09-2011, 11:33 PM
Boat Design Net Moderator Boat Design Net Moderator is online now
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It appears this thread has veered more into politics than climate change now;
with little if any direct relevance to boats or boating, and after 750 pages, I think it's time to close this one.
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